Fortnox: Long-Term Prospects Remain Intact
Research Note
2020-03-17
13:46
Redeye revises its Fortnox forecasts, due to the SARS-CoV-2 pandemic. We assume that the net customer intake will enter negative territory in mid-2020, hurting growth and earnings in 2020 and 2021. However, the long-term prospects remain intact, and our slightly reduced Base case implies a significant upside potential.
FN
KL
Fredrik Nilsson
Kristoffer Lindström
Disclosures and disclaimers